Sunday, 01 July 2012 17:46

7.1.12 Free Sunday World News Desk articles

 

Rice Farmer - Evening Edition

Global Ponzi meltdown/House of Cards

Global IPO Market Keeps Shrinking

"The global IPO market continued its downward track in the second quarter, notching its fourth consecutive period of declining deals in nearly every corner of the world."

Spain shrank further in second quarter, government to push reforms

Emiratis owing far too much, too young

"A survey says an astonishing 70 per cent of young Emiratis in Abu Dhabi are in debt, mostly through bank loans and credit cards. There are worries that they are being too easily lured into a 'buy today, pay tomorrow' lifestyle."

You'd think they were shocked at finding gambling going on in a casino. Surely they are aware that debt expansion is what floats the Ponzi-scheme global economy. Debt — lots and lots of it — is what created and sustains today's UAE (not to mention the rest of the world). And we know how this will end. -- RF

Banking scandal: how document trail reveals global scam

Gold reentering monetary system


Fault lines/flashpoints/powder kegs/military/war drums

Xinjiang 'hijacking' shrouded in mystery (China)

Nigeria, a rugged road to high returns

"Bomb blasts, gun attacks, airline crashes, kidnappings, industrial-scale oil theft, armed robberies and fraud costing billions of dollars."

Iraq June monthly toll one of highest since U.S. exit

"June was one of the bloodiest months in Iraq since U.S. troops withdrew at the end of last year, with at least 237 people killed and 603 wounded mainly in bomb attacks, a tally by Reuters showed on Sunday."

 

Global unrest/mob rule/angry people/torches and pitchforks

Rare protest in Vietnam over China claims to offshore oil blocks

"Hundreds of Vietnamese demonstrated in Hanoi on Sunday against China's moves to strengthen its claim to disputed islands in the South China Sea and its invitation to oil firms to bid for blocks in offshore areas that Vietnam claims as its territory."

Protests held as Japan returns to nuclear power

"Hundreds have gathered near the plant in the town of Ohi to protest the move, which has divided public opinion."

‘Social protests’ continue across Israel

Omanis protest in sign of renewed discontent

100,000 march in Hong Kong on 15th anniversary of handover 

 

Energy/resources

 

Iran Oil Sanctions Starting Risks Biggest OPEC Loss Since Libya

A new Energy Report from Harvard makes unsupportable assumptions

European are not stealing Libya oil - Official

"Gulf News cited Mr Daivd Bachmann commercial counsellor and head of economic and commercial section at the Austrian Embassy in Libya as saying that the European Union is not stealing Libyan oil and investors from Nato countries exited the oil sector during the Gaddafi era. We are not stealing Libyan oil. We pay for what we get."


Got food?

Orchard owners warn of 'apple-ocalypse'

"Britain's cold, wet spring has been disastrous for apple-growers, with crops down by as much as 50% from expected levels."

Moldy matters: How wasted food is destroying the environment

Birdbaths Are Good for the Garden


Environment/health

Spanish forest fires rage out of control near Valencia

Pincushion America: The irretrievable legacy of drilling everywhere on drinking water

Japan's 10 Most Dangerous Reactors Face Korea


Intelligence/security/internet

 Survey OF Effects Of Cloud Outage Shows How Much Of The Web Runs On Amazon

Ad Biz Claims It Must Disregard User Privacy Choices to Safeguard "Cybersecurity"

Your E-Book Is Reading You

BlackBerry services in UAE suffer disruption

Cloud outage report of 13 providers reveals downtime costs

 

Systemic breakdown

Surge in violence spurs new fears in Iraq

"A half year after the U.S. military left Iraq, dire predictions seem to be coming true: The country is mired in violence and the government is on the verge of collapsing. With no relief in sight, there's growing talk of Iraq as a failed state as al-Qaida's local wing staged near daily attacks that killed at least 234 people in June."

Mainstream Economics is a Cult

Dambisa Moyo: 'The world will be drawn into a war for resources'

"The controversial writer and economist on why she believes the economic rise of China, combined with the west's complacency, leaves us facing a future of terrifying global instability."


Japan

Ohi on a rainy day (photo report on the protest at Ohi NPP)

Temperature climbing in No. 4 reactor's pool after cooling system knocked out

Small amount of cesium detected in Fukushima children's urine

Feed-in tariff era gets under way

Utilities may hit limits soon on wind power-generated electricity

"A feed-in tariff (FIT) system that obligates electric power companies to buy renewable energy-generated electricity at fixed prices from companies or individuals kicked in on July 1...
"However, the total volume of wind power-generated electricity the utilities decided to purchase by June 30 has already reached 70 percent of the limit set by those firms, sources said."

Governor threatens U.S. bases on Okinawa over Osprey deployment

"Okinawa Governor Hirokazu Nakaima threatened to demand the closing of all U.S. military bases in Okinawa Prefecture if the planned deployment of the new transport aircraft MV-22 Osprey proceeds."


China

The Decline and Fall of China's Renminbi

China’s Manufacturing Growth Weakens as New Orders Drop

Beijing residents say inflation at unacceptable level

China June official PMI hits 7-month low


UK

Cable: The City is a massive cesspit


US

Jumping off the fiscal cliff

"Members of Congress from both parties are increasingly mulling the unthinkable: going home in December without acting to avoid the $4 trillion in tax hikes and deep spending cuts known as the fiscal cliff."

More cities scaling back or eliminating fireworks displays

More heat, storms loom for battered East

Gas prices, car sales to take a fall

77% of JP Morgan’s Net Income Comes from Government Subsidies

 

And finally… Case study: Man gets headaches from porn

 


Jenna Orkin - Morning Edition

 

Headlines

Global Hyperinflation Likely—Here's Why

The interesting fact to note is that this is CNBC. - JO

Mainstream Economics is a Cult

World Powers Set Guidelines for Syria Transition

The Next Crisis Will Be Born Out Of The US Treasury Market

The Half-Life Of The New Euro Bailout Will Be Measured In Weeks 

 

Economy

 

Top Tories dragged into banking scandal

"Cameron allies linked to City firms under scrutiny over interest rate fixing."

Budget cuts killed off Libor inquiry

Banking scandal: Greedy, shoddy, deceitful. A modern cesspit

£119 billion: The contribution of carers and savings to the economy is woefully overlooked

Major Currency Crises

The Dark (Pool) Truth About What Really Goes On In The Stock Market

Why Germany's TARGET2-Based Eurozone Preservation Mechanism Is Merely A Ticking Inflationary Timebomb

Fed Audit Legislation Passed by House Oversight Committee

With No Vote, Taxpayers Stuck with Tab on Bonds

We've Got The 'Population Problem' Upside Down

Why The Debt-Dependent Status Quo Is Doomed in One Chart

Can Greece Buy Freedom From Debt For a Mere €3,000 Per Person?

Headline in Spain: Government 'sacrificed' Bank of Spain in Exchange for Financial Sector Bailout; ESM Agreement Raises More Questions Than Answers

The History Of US Unemployment By State, And A Surprising Observation

BRE-X: Inside The $6 Billion Gold Fraud That Shocked The Mining Industry

 

Energy/Resources/Science

Britain's supply of green energy soars

Violent Storms Kill 13, Leave Millions Without Power On Sweltering Day

The World's Most Polluting Countries Are...

The Declining World Economy Turns To Coal

Fire Devastation in the Western U.S. Seen From Space

America's Jaw-Dropping Shale Gas Boom Is Starting To Slow Down

World's First Genetically Modified Humans Born

There's nothing in the MSM about this, nor any obvious mention on the website of the institute where the revolutionary procedure took place. - JO
 

Military/Intelligence

Is Iraq A Failed State?

We'd better go in and take over. - JO

Swiss politician urged 'Kristallnacht' for Muslims

Small Town Cops Stock Useless Military Gear

100,000 Dash-Cam videos disappear from SPD database

This Company Admitted To Illegally Sending US Military Technology To China

CONFIRMED: You Can Hijack A Drone With Only $1,000 In Equipment 

 

Civil Unrest/Politics 

 

The return of the 'perfect dictatorship'?

PHOTOS: Thousands March In Los Angeles Anti-Walmart Protest

Occupy 4th of July planned for Philadelphia

 

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